HF Foods Group Inc. has announced the adoption of an Amended and Restated Severance Plan, effective July 1, 2025. This new plan, approved by the company's board of directors, applies to employees at the level of Vice President and above, including Senior Vice Presidents and other executive officers. It outlines severance payments for eligible employees terminated without cause or resigning for good reason, with variations depending on the individual's title and the timing of termination in relation to a change in control event. Key changes include the removal of an exception related to board composition following a business combination and a shift from monthly severance installments to a lump sum payment for most eligible employees, to be received within 60 days post-termination.